Short Interest in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Expands By 128.9%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 46,421 shares, a growth of 128.9% from the July 15th total of 20,276 shares. Based on an average daily volume of 25,709 shares, the short-interest ratio is presently 1.8 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in IMCV. Compass Financial Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the second quarter worth $33,000. Trust Co. of Vermont bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter valued at about $55,000. International Assets Investment Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at about $26,000. Russell Investments Group Ltd. increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% during the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth about $34,000.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2%

Shares of NASDAQ:IMCV traded up $0.20 during trading on Friday, hitting $98.43. 11,527 shares of the company were exchanged, compared to its average volume of 27,343. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $77.65 and a fifty-two week high of $98.46. The firm has a fifty day moving average price of $93.44 and a two-hundred day moving average price of $89.49.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.418 dividend. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. This represents a $1.67 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th.

iShares Morningstar Mid-Cap Value ETF Company Profile

The iShares Morningstar Mid-Cap Value ETF (IMCV) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Value index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their value characteristics. IMCV was launched on Jun 28, 2004 and is managed by BlackRock.